Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Latvia - 2023
Contents:
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Latvia (CIF) - 2022
- Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Latvia (FOB) - 2022
- Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Latvia
- Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Latvia
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Latvia (CIF) - 2022
The average import price for vitamins; vitamin c and its derivatives, unmixeds stood at $6,940 per ton in 2022, waning by -23.4% against the previous year. Over the period under review, the import price, however, recorded a measured increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 84%. Over the period under review, average import prices hit record highs at $9,064 per ton in 2021, and then dropped remarkably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($8,754 per ton), while the price for Denmark ($3,931 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vitamins; Vitamin C and Its Derivatives, Unmixed in Latvia (FOB) - 2022
The average export price for vitamins; vitamin c and its derivatives, unmixeds stood at $5,812 per ton in 2022, declining by -30% against the previous year. Over the period under review, the export price, however, recorded a modest increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 70% against the previous year. Over the period under review, the average export prices hit record highs at $8,467 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($10,200 per ton), while the average price for exports to Belarus ($3,867 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Latvia
Imports of vitamins; vitamin c and its derivatives, unmixeds into Latvia skyrocketed to 108 tons in 2022, picking up by 58% compared with 2021. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 61%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of vitamins; vitamin c and its derivatives, unmixeds surged to $753K in 2022. Overall, imports recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 103%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Vitamins; Vitamin C and Its Derivatives, Unmixed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 77.7 | 45.4 | 102 | 209 | 39.1% |
| China | 29.6 | 48.4 | 81.8 | 142 | 68.7% |
| Poland | 42.3 | 41.5 | 115 | 74.0 | 20.5% |
| Sweden | 13.4 | 43.5 | 90.6 | 68.7 | 72.4% |
| Germany | 14.1 | 35.3 | 17.7 | 40.4 | 42.0% |
| Estonia | 3.4 | 5.1 | 2.5 | 30.9 | 108.7% |
| Denmark | 18.6 | 17.0 | 23.1 | 22.2 | 6.1% |
| France | 3.1 | N/A | N/A | N/A | 0% |
| Others | 66.0 | 70.9 | 189 | 166 | 36.0% |
| Total | 268 | 307 | 622 | 753 | 41.1% |
Top Suppliers of Vitamins; Vitamin C and Its Derivatives, Unmixed to Latvia in 2022:
- Lithuania (38.8 tons)
- China (27.3 tons)
- Sweden (9.5 tons)
- Poland (8.5 tons)
- Germany (7.1 tons)
- Denmark (5.6 tons)
- Estonia (4.8 tons)
Exports of Vitamins; Vitamin C and Its Derivatives, Unmixed in Latvia
In 2022, the amount of vitamins; vitamin c and its derivatives, unmixeds exported from Latvia skyrocketed to 21 tons, jumping by 68% on 2021 figures. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vitamins; vitamin c and its derivatives, unmixeds soared to $125K in 2022. The total export value increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vitamins; Vitamin C and Its Derivatives, Unmixed in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 18.2 | 18.1 | 58.6 | 55.9 | 45.4% |
| Ukraine | N/A | N/A | N/A | 19.8 | 0% |
| Belarus | 42.1 | 44.8 | 21.2 | 18.5 | -24.0% |
| Uzbekistan | N/A | 11.0 | 7.2 | 14.3 | 14.0% |
| Finland | 4.3 | 3.7 | 5.9 | 5.6 | 9.2% |
| Lithuania | 2.4 | 15.3 | 6.9 | 5.6 | 32.6% |
| United Kingdom | N/A | N/A | N/A | 3.0 | 0% |
| Others | 27.1 | 0.8 | 6.3 | 1.9 | -58.8% |
| Total | 94.1 | 93.6 | 106 | 125 | 9.9% |
Top Export Markets for Vitamins; Vitamin C and Its Derivatives, Unmixed from Latvia in 2022:
- Estonia (8.0 tons)
- Ukraine (5.0 tons)
- Belarus (4.8 tons)
- Uzbekistan (1.4 tons)
- Finland (1.0 tons)
- Lithuania (0.7 tons)
- United Kingdom (0.4 tons)
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This report provides an in-depth analysis of the vitamin market in Latvia.
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This report provides an in-depth analysis of the global vitamin market.
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This report provides an in-depth analysis of the vitamin market in Latvia.
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This report provides an in-depth analysis of the global vitamin market.
260
Vitamins play a crucial role in maintaining good health and well-being. They are essential nutrients that our bodies need in small amounts to function properly. With the growing awareness of the importance of vitamins, the global demand for vitamin supplements and fortified foods has been on the rise. As a result, several countries have become major import markets for vitamins, enabling people around the world to access these essential nutrients easily. One platform that provides in-depth insights into the global import market for vitamins is IndexBox Market Intelligence. This platform offers comprehensive data and statistics that allow businesses and individuals to stay informed about the latest trends and developments in the industry. The top import markets for vitamins in 2022 are the United States, Netherlands, Germany, Singapore, and France. These countries not only serve as vital import markets for vitamins but also contribute significantly to the global vitamin industry. The demand for vitamins continues to grow as people become more conscious of their health and seek ways to enhance their well-being. The import markets for vitamins have a significant impact on the global vitamin industry, driving the production and trade of vitamin supplements and fortified foods on a global scale. Platforms like IndexBox Market Intelligence offer invaluable data and insights to businesses and individuals seeking to navigate the complex dynamics of the global import market for vitamins. Staying informed about the latest trends and developments allows industry players to make informed decisions and capitalize on emerging opportunities.
390
Global vitamin trade rose by 16% y/y to $7.7B in 2020, driven by the increased demand for immune-boosting drugs during the COVID-19 pandemic. In physical terms, supplies spiked by 18% y/y to 584K tons.
1463
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
865
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
260
Vitamins play a crucial role in maintaining good health and well-being. They are essential nutrients that our bodies need in small amounts to function properly. With the growing awareness of the importance of vitamins, the global demand for vitamin supplements and fortified foods has been on the rise. As a result, several countries have become major import markets for vitamins, enabling people around the world to access these essential nutrients easily. One platform that provides in-depth insights into the global import market for vitamins is IndexBox Market Intelligence. This platform offers comprehensive data and statistics that allow businesses and individuals to stay informed about the latest trends and developments in the industry. The top import markets for vitamins in 2022 are the United States, Netherlands, Germany, Singapore, and France. These countries not only serve as vital import markets for vitamins but also contribute significantly to the global vitamin industry. The demand for vitamins continues to grow as people become more conscious of their health and seek ways to enhance their well-being. The import markets for vitamins have a significant impact on the global vitamin industry, driving the production and trade of vitamin supplements and fortified foods on a global scale. Platforms like IndexBox Market Intelligence offer invaluable data and insights to businesses and individuals seeking to navigate the complex dynamics of the global import market for vitamins. Staying informed about the latest trends and developments allows industry players to make informed decisions and capitalize on emerging opportunities.
390
Global vitamin trade rose by 16% y/y to $7.7B in 2020, driven by the increased demand for immune-boosting drugs during the COVID-19 pandemic. In physical terms, supplies spiked by 18% y/y to 584K tons.
1463
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
865
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
